4//SEC Filing
Compeau Jean 4
Accession 0001209191-20-055411
CIK 0001327567other
Filed
Oct 19, 8:00 PM ET
Accepted
Oct 20, 7:43 PM ET
Size
9.5 KB
Accession
0001209191-20-055411
Insider Transaction Report
Form 4
Compeau Jean
Chief Accounting Officer
Transactions
- Award
Common Stock
2020-10-20+4,051→ 21,399 total - Tax Payment
Common Stock
2020-10-20$239.28/sh−1,234$295,272→ 24,216 total - Award
Common Stock
2020-10-20+4,051→ 25,450 total
Footnotes (4)
- [F1]Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares reported is at the target award amount. The actual award earned shall be determined upon certification by the Issuer's Compensation Committee. If earned, the eligible PSUs from each performance period will vest as follows; Twenty-five percent (25%) of the shares shall vest on October 20, 2021; twenty-five percent (25%) of the shares shall vest in equal quarterly increments during year two; twenty-five percent (25%) of the shares shall vest in equal quarterly increments during year three; and twenty-five percent (25%) of the shares shall vest in equal quarterly increments during year four, subject to the Reporting Person continuing to be a Service Provider through each vesting date.
- [F2]Reflects the forfeiture of previously reported performance stock units granted to the Reporting Person that were eligible to vest based on the certified achievement of certain performance objectives.
- [F3]Each share is represented by a restricted stock unit ("RSU"). One-sixteenth (1/16th) of the shares shall vest on January 20, 2021 and one-sixteenth (1/16) of the shares shall vest quarterly thereafter, in each case, subject to the Participant continuing to be a Service Provider through each vesting date.
- [F4]This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units, and performance-based restricted stock units.
Documents
Issuer
Palo Alto Networks Inc
CIK 0001327567
Entity typeother
Related Parties
1- filerCIK 0001732435
Filing Metadata
- Form type
- 4
- Filed
- Oct 19, 8:00 PM ET
- Accepted
- Oct 20, 7:43 PM ET
- Size
- 9.5 KB